Mine Vision Systems (MVS), a Pittsburgh-based leader in vision-driven mapping and analytics for underground mining, has raised $12.5 million in a Series A funding round led by Rockwell Venture Capital, with significant participation from Condire Investors. The funding will support accelerated product development and expansion of MVS’s decision-making platform, designed to enhance speed, safety, and productivity across the mining industry.
The investment exceeded MVS’s original $10 million target, reflecting growing demand for automation and real-time analytics in underground operations. The company, which has experienced notable momentum in 2025, plans to use the proceeds to expand R&D, strengthen product integration, and scale deployment of its flagship FaceCapture technology and related analytics.
MVS’s technology enables mining companies to collect and interpret high-resolution spatial data in underground environments, providing actionable insights that improve operational decision-making. The platform has already been adopted by several major global mining operators seeking to modernize workflows and increase efficiency through computer vision and automation.
Rockwell Venture Capital’s ongoing relationship with MVS was a key factor in leading the round. Condire Investors, known for its portfolio across the mining and industrial technology sectors, joined the financing following extensive diligence with industry leaders and operators who have implemented MVS solutions.
Founded in 2015, MVS has built a reputation as a pioneer in underground 3D mapping and perception technology. The company’s products integrate vision-based sensing with advanced analytics to improve data collection, workflow automation, and decision support in resource extraction environments.
KEY QUOTES:
“This investment exceeded our initial target of $10 million and will enable us to accelerate our product roadmap and deliver the decision platform underground mining has been waiting for. 2025 has been a breakout year. We are proud of the partnerships we have built with many of the world’s largest and most innovative mining companies, and we are beginning to scale what’s working.”
Michael Smocer, CEO, Mine Vision Systems
“We have partnered with MVS for years and have a front-row seat to the company’s progress. The team’s execution over the past three years has translated into real operational impact for customers. We are enthusiastic to lead this round and support the next phase of growth.”
Kent Rockwell, Founder & CEO, Rockwell Venture Capital
“For us, this is an exciting step. We performed extensive diligence, speaking with our mining portfolio companies and other industry leaders. The feedback on MVS and FaceCapture was consistently strong. We believe MVS provides essential technology for the underground mining value chain.”
Ryan Schedler, Founder & Managing Director, Condire
